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NVDA trade ideas

NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias: 1. Surging demand for AI chips driving record-breaking revenue growth 2. Launch of next-gen Blackwell architecture expected to outperform current offerings 3. Expanding market share in data center and cloud computing sectors 4. Strong cash flow and $50 billion share buyback program announced Utilizing Probabilities for Long Positions: As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA. By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively. 12M: 2W: 1H: What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies. Have a perfect trading week! 🚀
NASDAQ:NVDALong
by Jasminex1x2
Analyzing NVIDIA’s with Fibonacci Retracement and TrendlineIntroduction In this post, we delve into the technical analysis of NVIDIA Corporation (NVDA) using key indicators such as Fibonacci retracement, trendlines, MACD, and OBV. This analysis aims to provide insights for traders on potential trading strategies based on current market conditions. Chart Analysis The daily timeframe chart for NVIDIA shows a Fibonacci retracement drawn from the recent high (100 level) to the low of the past 200 days (0 level). This retracement highlights key support and resistance levels that are crucial for understanding potential price movements. Trendline Resistance A descending trendline drawn from the recent high acts as a significant resistance level. The price has attempted to break this trendline twice but failed, indicating strong resistance. As the price approaches this trendline again, traders should be vigilant for potential breakout or rejection signals. MACD and OBV Insights The MACD applied on the On-Balance Volume (OBV) indicator suggests that the volume is in a consolidation phase. This indicates market indecision, likely influenced by global economic cues. The MACD’s momentum signals combined with OBV’s volume trends can provide valuable insights into the stock’s future direction. Trading Strategy Given the current setup, traders can consider the following strategies: Long Entry: Wait for a confirmed breakout above the trendline resistance. This could signal a bullish move, providing an opportunity for a long position. Short Entry: If the price gets rejected at the trendline and starts to move downwards, it could be a signal to enter a short position. Conclusion NVIDIA’s stock is at a critical juncture with the price nearing a significant resistance level. By combining Fibonacci retracement, trendline analysis, MACD, and OBV, traders can make informed decisions. Stay tuned for more updates and insights on TradingView! Feel free to share your thoughts and trading strategies in the comments below. Happy trading!
NASDAQ:NVDA
by stocktechbot
NVDA at $172.00???Disclaimer: Please note that this analysis is for educational purposes and is not a recommendation to buy or sell. I'm sharing a technical perspective based on chart patterns. Before making any investment decisions, it's always good to do your own analysis. Looking at the daily chart of NASDAQ:NVDA , we can see that the stock is about to break out of a symmetrical triangle . Basically, what's happening here is that the price is "squeezing" between support and resistance until the moment of breakout. And when that happens, we usually see a stronger move in the direction of the breakout. The target for this breakout is projected by measuring the vertical height of the triangle (the distance between the highest and lowest points of the pattern). We then add this value to the breakout point, which in the case of NVDA , gives us a target around $171.95 . So, if the breakout occurs, that's the range where we can expect the price to go. However, it's worth noting that symmetrical triangles aren't always the most reliable patterns. Many analysts point out that breakouts don't always result in strong or sustained moves. This is because the triangle can form during both consolidation phases and potential reversals, and it’s not always easy to determine which direction the price will go. Additionally, authors like Martin Pring in Technical Analysis Explained and Bulkowski highlight an important drawback: when the breakout occurs near the apex of the triangle (the final point of convergence), the resulting move tends to be weaker. This happens because, by that time, the buying or selling pressure may have already dissipated, which weakens the breakout. And this is exactly where NVDA is right now, which could make the breakout less powerful. What do you think? Do you believe NVDA’s breakout will be strong enough to reach the $171.95 target, or could the proximity to the triangle’s apex weaken the move? Let’s discuss your thoughts in the comments!
NASDAQ:NVDA
by LuccasChartRoom
NVIDIA's Bullish Channel Holds Strong: September 2024 ProgressNVIDIA Stock Analysis and Future Outlook: September 2024 Update Overview: NVIDIA (NVDA) continues to exhibit a robust upward trend, consistently trading within a rising channel. The stock's performance is supported by both strong technical signals and fundamental factors. NVIDIA has established itself as the leader in the AI hardware space, benefitting from surging demand for its GPUs across various industries such as data centers, gaming, and automotive. With a recent rally fueled by the conclusion of CEO Jensen Huang's planned stock sales, the outlook for NVDA remains bullish, although some short-term consolidation could be expected. Price Predictions: 1. Short-Term (Next 1-3 Months): - Given NVIDIA’s recent performance and the slight bearish crossover in the MACD, short-term consolidation is likely. The stock could pull back to test lower support levels near $120 or even $115, which are close to the moving averages and the lower boundary of the upward channel. This presents an opportunity for investors to enter positions at a potential discount. - However, any positive news related to AI advancements or product launches could trigger another leg higher, pushing the stock back above the $130 mark in the short term. A retest of the upper channel resistance near $135-$140 is also possible, depending on market sentiment. 2. Mid-Term (3-6 Months): - Over the next six months, NVIDIA's growth trajectory looks solid, bolstered by strong demand for its AI and gaming chips. Analysts expect the stock to retest its previous highs around $150-$160, particularly as NVIDIA continues to expand its market share in AI and gaming sectors. - Continued strength in its Data Center division, along with strategic partnerships in cloud computing and AI, could see the stock pushing towards $170-$180, assuming no major external shocks or macroeconomic downturns. 3. Long-Term (12-24 Months): - The long-term outlook for NVIDIA remains highly favorable. AI is expected to dominate various industries over the coming years, and NVIDIA is perfectly positioned to capitalize on this trend. Analysts have set price targets ranging from $200 to $250 over the next 18-24 months, contingent on the continued growth of its AI and Data Center businesses. - Longer-term projections could see the stock moving well beyond $250 if NVIDIA’s innovations, particularly in autonomous driving, cloud computing, and AI-powered enterprise solutions, continue to thrive. The recent advancements in sovereign AI and Blackwell chip production further reinforce this bullish outlook. Investment Strategies: 1. Short-Term Strategy: - Buy on Dips: Given the stock's long-term bullish trend but potential short-term consolidation, short-term traders might look for opportunities to buy on dips around $115-$120. This range aligns with technical support levels and offers a solid risk-reward ratio. - Watch Key Resistance Levels: If NVIDIA breaches $130 in the short term, momentum traders could look for further gains up to $135 or $140. However, caution is advised if the stock moves out of the channel or technical indicators suggest overbought conditions again. 2. Mid-Term Strategy: - Hold for AI Growth: Investors with a 6-12 month horizon might consider holding onto their positions, as NVIDIA is expected to benefit significantly from growth in AI, gaming, and cloud computing. NVIDIA's revenue from AI-related applications is forecasted to grow rapidly, which should support stock price appreciation over time. - Leverage AI Boom: Traders could focus on news surrounding NVIDIA’s AI applications, as new product announcements or partnerships in AI or autonomous driving could drive further upward price movements. 3. Long-Term Strategy: - Accumulate for Long-Term Growth: Long-term investors should consider accumulating shares, particularly during pullbacks, with the expectation of significant growth over the next two years. NVIDIA's fundamentals remain strong, and its dominance in AI hardware positions it for continued outperformance in the tech sector. - Diversify Risk: While the long-term outlook is positive, it's important to remain diversified. External risks like geopolitical tensions, regulatory changes, or economic slowdowns could affect NVIDIA’s growth trajectory. However, its current market leadership and innovation pipeline make it a strong candidate for long-term portfolios. Risks and Challenges: 1. Geopolitical Risks: NVIDIA faces potential risks related to U.S. export restrictions on chips to certain countries, which could impact its revenue from international markets. Although the company has mitigated some of these risks through market diversification, any increase in geopolitical tensions or sanctions could create short-term headwinds for the stock. 2. Valuation Concerns: As a high-growth stock, NVIDIA trades at a premium valuation. Any earnings misses or lower-than-expected guidance could result in a sharper-than-expected correction. Investors should keep an eye on quarterly reports and forward guidance. 3. Macro Environment: Broader economic conditions, such as rising interest rates or declining consumer confidence, could affect NVIDIA’s performance. While AI demand may provide some insulation from broader market swings, macroeconomic factors still play a role in overall market sentiment. Conclusion: NVIDIA remains a strong stock for both short-term traders and long-term investors. Its leadership in AI, impressive financial results, and continued innovation make it a compelling growth story. While short-term volatility may arise due to market sentiment or broader economic conditions, the long-term outlook is bullish. Investors should use pullbacks as potential buying opportunities and stay informed of major product launches or geopolitical developments that could impact the stock’s trajectory. has context menu
NASDAQ:NVDA
by alfredomares2019
NVDA next possible buy spotNASDAQ:NVDA AMEX:SOXS NVDA is in an ascending triangle pattern (bullish) with cci not showing overbought on the 1hr, 4hr, and 1d. MACD signal is still above on the 4hr and daily. SOXS has recently broken downwards and retested the support turned resistance. This shows that we are headed towards a bullish momentum for NVDA. If I had to make a guess on what will happen next I think that it will go to 125. Either consolidating and breaking out upwards going ath or hit 125 and go back down to 105 - 110 (major support). This is all an assumption GL! also ive predicted the past 2 swings on my previous ideas.
NASDAQ:NVDALong
by pythonnnn
Nvidia corporation Nvidia witnessed a rebound after forming a higher low at 113.22$, to close at the last minor peak at 120.80$, which is the level that needs to be violated, to shift the trend to an uptrend on short-term basis, triggering further rises near 131.26 - 136.15 - 140.75. support1: 113.22$ - support2: 108.80$ - resistance1: 120.80$* - resistance 2: 124.70$ The stop-loss lies below 113.22$. the indicators are heading toward the positive side, which confirms the mentioned positive scenario. The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
NASDAQ:NVDALong
by Gehad_Abouelela
How To Read The 13 EMA CCIYesterday was a slow day on my end.I had a pack of crackers and some sweet milk, as I walked in town. A very hot day still.. as I was walking I ate my crackers and I didn't care what people thought of me.. Sometimes in the market once you make a decision to enter a trade as long as you understand your risk management it would be best if you tried to ignore the market noise and hold your position I recommended this buy about 8 Days ago..and as you know it didn't perform well but now look at it.. look at NASDAQ:NVDA It's broken even so imagine if you held your position from the time you saw my recommendation you would be proud of yourself and confident in your risk management skills. This is another buying opportunity for you Look at the CCI the price is still undervalued. This CCI is using the 13 EMA. In order for you to learn more Rocket boost this content. Disclaimer: Trading is risky please learn risk management and profit taking strategies.
NASDAQ:NVDALong
by lubosi
Consolidation Heading into Presidential ElectionNVDA was clearly a market leader today posting 4%+ gains. Looking at the overall structure I am anticipating a broader market sell-off / accumulation heading into the presidential election (topping next week on Tuesday or Wednesday 10/1 or 10/2). My best guess is that we bottom for the break out of this pennant pattern after October's monthly options expiration. Seeing as the monthly volume is declining, I am also anticipating an inside candle to end the month of September as well as October.
NASDAQ:NVDA
by daytradederic
NVIDIA's Stock Surge 4% today: A Deep DiveNVIDIA Corporation (NASDAQ: NASDAQ:NVDA ) witnessed a significant surge of 4% today, driven by a groundbreaking partnership with Alibaba Group Holdings Ltd. ( NYSE:BABA ) aimed at advancing artificial intelligence (AI) and autonomous driving technologies. This collaboration marks a pivotal moment for NVIDIA (NASDAQ: NASDAQ:NVDA ) as it capitalizes on the relentless innovation in the AI sector, which analysts predict will sustain demand for AI chips in the coming years. The Story According to CFRA Research analyst Angelo Zino, the AI computing paradigm is gaining momentum, and major cloud service providers are ramping up investments to avoid falling behind. Zino's insights reflect the broader market sentiment, emphasizing that the growth in AI chip demand will likely be exponential. He stated, “Lack of monetization won't keep hyperscalers from investing in artificial intelligence,” underscoring that robust cloud and digital ad spending will continue to fuel this demand. NVIDIA (NASDAQ: NASDAQ:NVDA ) remains one of Zino's top picks among AI chipmakers, alongside Broadcom (AVGO) and Marvell Technology (MRVL). His price target for NVIDIA is set at $139, suggesting considerable upside potential. This bullish outlook is further supported by NVIDIA's impressive data center revenue growth, which soared by 154% year-over-year to $26 billion, driven by strong demand for Hopper GPU computing and networking solutions. Adding to this positive narrative, NVIDIA CEO Jensen Huang recently completed a significant trading plan, selling 6 million shares but retaining his position as the largest individual owner of NVIDIA stock. This move may reflect confidence in the company's long-term prospects, despite short-term trading activities. Technological Advancements: The HMAX AI Solution The recent launch of Hitachi Rail's HMAX (Hyper Mobility Asset Expert) AI solution, powered by NVIDIA technology, further highlights the company's pivotal role in optimizing transport operations. This all-in-one digital asset management platform leverages AI to enhance asset performance and streamline operations for transport operators. By combining live data collection with advanced AI tools, HMAX allows for real-time processing, significantly reducing the time needed to analyze data and generate actionable insights. Technical Outlook As of the latest trading session, NASDAQ:NVDA is up 3.48%, with a moderate Relative Strength Index (RSI) of 54, indicating potential for further growth. The stock has recently experienced volatility, oscillating within the $100 to $120 range. However, if NASDAQ:NVDA manages to hold above critical support levels, particularly the $111 mark, it may set the stage for a bullish breakout. Investors should watch for key price movements in the coming days. If the stock consolidates and successfully bridges the support of $111, it could dip to the one-month low support before gaining momentum toward new highs. This technical setup suggests that there may be ample room for upside movement as the market digests the implications of NVIDIA’s strategic partnerships and ongoing innovation in AI technologies. Conclusion In summary, NVIDIA's recent partnership with Alibaba positions it favorably in the rapidly evolving AI landscape, supported by strong fundamental growth and innovative technological advancements. Coupled with a robust technical outlook, NASDAQ:NVDA stock appears well-poised for future gains. As the demand for AI computing continues to rise, NVIDIA's role as a market leader is likely to solidify, making it an attractive investment opportunity for those looking to capitalize on the AI revolution.
NASDAQ:NVDALong
by DEXWireNews